Much like how gold and other things got expensive, it is how much people are willing to pay for it. You have to remember thst crypto currency is based on supply and demand (like any other commodity) and price would move depending on how much people are willing to pay for it. I just don't know the technical side of it.
That is usually the thing. As long as people see the value for it and they are willing to pay anything for it based on the fact that it gives them that purpose they are looking for, I am certain this is a space we all know is going to give a lot of people that purpose. Uganda is an example, in which we see the unbanked really making all attempt to at least take hold of their own future, and we see the likes of hyper inflated ridden countries like Zimbabwe, utilizing the crypto space to at least, be able to do transactions all over the globe, after a dead economy. So, there is a lot of value to look out for in this space, and based on demand for it, that is what typically bring about the growth.